Money

Hedge funds typically come with stiff fees, but those costs are dropping, Silberstein says. Once, the vast majority charged a 2 percent annual management fee on assets held in the fund, plus 20 percent of any profits. Now, only the most elite managers have that structure, he says; the standard fee today is 1.5 percent plus 15 percent of profits.

Understand FAA rules before accepting payment for a business jet flight.
Compensation for flights is one of the most important concepts to consider when you’re structuring the ownership and operation of a business jet. For the U.S. Federal Aviation Administration, the payment of compensation for air transportation usually makes a flight “commercial,” which requires that it be conducted under a commercial certificate.

BJT readers—who represent one of the highest-net-worth magazine audiences anywhere—clearly have the means to contribute to a better world. To help you do that, we’re spotlighting deserving organizations in every issue.

Should an aircraft appraiser be on your transaction team? Brokers typically play the role of appraiser, using their knowledge of the marketplace to set or counter an airplane’s price. But today, with the collapse of historical pricing models, the dearth of sales and the intensely private nature of the transactions, establishing an aircraft’s value is difficult.

It’s no secret that the FAA and IRS approaches to business aviation differ in important ways. This cleavage is especially evident in their respective treatment of related or affiliated groups of companies.

BJT readers—who represent one of the highest-net-worth magazine audiences anywhere—clearly have the means to contribute to a better world. To help you do that, we’re spotlighting deserving organizations in every issue.

BJT readers—who represent one of the highest-net-worth magazine audiences anywhere—clearly have the means to contribute to a better world. To help you do that, we’re spotlighting deserving organizations in every issue.

Quote/Unquote

“Business aviation for us is not a luxury. It’s for connecting with people and being inclusive, not exclusive. It’s about working hard and staying fresh, and leading our company into the future. The work we do would be impossible without an aircraft.
”